Kevin Bacon, Kyra Sedgwick, and Natalie Zea walk the red carpet at a screening event for "The Following"; Portia de Rossi, Jason Bateman, Will Arnett and the rest of the Bluth clan celebrate the Season 4 premiere of "Arrested Development" (!!!) and we could not be more excited; Judd Apatow, Carl Reiner, and Mel Brooks kick off #ComedyFest; Roxane Mesquida, Josephine de la Baume, and others hit a special screening for Kiss of the Damned; Princess Alexandra Von Furstenberg, Angella Nazarian, and more attend the Women A.R.E. Salon event—get the rundown on Monday's top events in this installment of Last Night's Parties.

Common performs for Olivia Munn and Kim Kardashian to celebrate the USA Basketball team and Jeep; Will Ferrell, Michael Chow and other big supporters of LACMA attend the annual Collectors Committee dinner gala and view the new works of the permanent collection; Tobey Maguire, Ben Affleck and more show support for arts education at the Children Mending Hearts Spring Benefit; Ian Somerhalder hosts a private charity dinner event in Bel Air; Johnny Knoxville, Julie Bowen and Anthony Kiedis celebrate Earth Day at the Annenberg Community Beach House—it was another busy weekend of events and fundraisers here in L.A. and we have the details on what went down in this edition of Last Night's Parties. More»

• Newly reconciled couple Kristin Cavallari and Chicago Bears quarterback Jay Cutler have renewed their engagement, announce they are expecting their first child together. [Radar]
• New York Giants triumph over the San Francisco 49ers in overtime in last night's playoff game, will challenge the New England Patriots at Super Bowl XLII. [LATimes]

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For a ball club that had kind of grown used to bad news, last week finally brought a tremendous ray of sunshine: erstwhile Los Angeles Dodgers owner and professional bankruptcy clown Frank McCourt has finally caved in to public pressure and cold reality, agreeing to put the team and its assets (which, you might recall, are legally separate from the team as part of an elaborate shell game) on the market. More»

• "E! News" host Giuliana Rancic, 37, reveals she has breast cancer which doctors recently discovered in its early stages during a precautionary mammogram before she was to undergo another round of in-vitro fertilization. [Radar]
• The McCourt divorce saga may be coming to a close as sources reveal the couple has reached a settlement in which Jamie would receive roughly $130 million and let Frank be the sole owner of the Dodgers. [LATimes]

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• Photos from the group of hackers who allegedly stole nude photos of nearly 50 A-list starlets in March have leaked on the internet capturing a naked woman who is supposedly Scarlett Johansson. [HuffPo]
• Joe McGinniss' soon to be released book The Rogue: Searching for the Real Sarah Palin claims Palin had a one-night stand with baller Glen Rice, blew lines of coke off of bizarre surfaces, and had an affair with Brad Hanson, her husband's business partner, among other things. [Radar]

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• It feels like helicopters have been hovering overhead non-stop for weeks so let's hope one congressman's proposed Los Angeles Residential Helicopter Noise Relief Act passes. [LATimes]
• Jamie McCourt's camp denies her having arranged a deal for Ron Burkle to buy out the Dodgers. [KABC]
• Since filing for divorce, Beverly Hills "Real Housewife" Taylor Armstrong claims her exceptionally unpleasant dullard of a husband Russell physically abused her. [TMZ]
• Grandson of screen legend Clark Gable, Clark Gable III—"an aspiring reality star"—arrested for allegedly shining a laser at LAPD chopper last night. [KTLA]
• After dating for four years, Nicky Hilton and David Katzenberg have split amicably. [Post]

The sad, strange story of Frank McCourt's tenure as owner of the Dodgers took another turn yesterday, as the team filed for Chapter 11 bankruptcy. Naturally, the question on the minds of Angelenos, as well as sports fans everywhere, is how? How does one of the most storied franchises in professional sports end up at the mercy of a bankruptcy judge, begging for handouts from investors and hanging in the balance of a divorce settlement between an awful, spoiled man and his awful, spoiled wife? How could the Dodgers be losing money? Well, owing Manny Ramirez $21 million probably doesn't help. More»

• Lindsay Lohan won't let a little thing like that pesky court-mandated house arrest get in the way of her prolific acting career, shoots commercial for a penny auction site from inside her apartment. [TMZ]
• L.A. and NYC cocaine users are being warned by doctors about local blow cut with levamisole, a deworming agent for livestock that's been causing a rash of severe, unsightly skin reactions in users. [KTLA]
• Jamie and Frank McCourt's contingent divorce settlement over ownership of the Dodgers nullified after MLB's Bud Selig rejects a multi-billion-dollar Dodgers-Fox TV contract. [KABC]
• Paris Hilton and her Vegas-y boyfriend and DUI/coke bust partner in crime Cy Waits call it quits after a year together. [PE]
• Doug Hutchison, 51-year-old star of "Lost" and The Green Mile, marries 16-year-old aspiring country music star Courtney Alexis Stodden—that's 35-year age gap for those counting at home. [CNN]

• Larry Flynt offers former congressman Anthony Weiner a job at Hustler Magazine with a 20% raise above his previous salary. [KTLA]
• Rebecca Black pulls "Friday" video from YouTube. A little late on that, are we? [PE]
• McCourts reach a settlement in divorce, Frank McCourt ownership of the Dodgers contingent upon a Fox TV contract and a trial to determine whether the franchise is community property. [LATimes]
• Shortly before being indicted, John Edwards sought millions from banking heiress Rachel "Bunny" Mellon. [ABC]
• Saudi Arabian women launch Women2Drive campaign, take to the streets to assert their right to drive which is currently illegal. [HuffPo]

• High-surf advisory through Friday issued for SoCal with 9-10ft. waves expected. COWABUNGA DUDES! [LATimes]
• Jamie McCourt plans to ask a judge today to mandate an immediate sale of the Dodgers by ex-husband Frank McCourt. [KTLA]
• Sheena Upton, AKA Kerry Campbell, who appeared on "Good Morning America" as the mother who injects her 8-year-old with Botox now claims she made the whole thing up for money. [TMZ]
• Arnold Schwarzenegger finally copped to his affair and lovechild with his housekeeper Patty Baena after she was fired and threatening to go public with the story. [KABC]
• Dominique Strauss-Kahn resigns as IMF chief while in an NY jail where he's being held on sex assault charges pressed by a hotel maid. [HuffPo]